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If you asked universities leaders this question back in 2016, it’s fair to say that the answer from most of them would have been “not much” or “through our international students and Transnational Education (TNE)”.

Prior to Brexit and the Covid-19 pandemic, it’s also fair to say that the UK’s general approach to international trade and investment was very much of incidental importance to both national and local government. After all, the EU dictated our trade policy and our inward investment pitch to the world’s businesses was extremely strong – combining liberal rules on foreign ownership, our reputation for rule-of-law and almost frictionless access to the European single market.

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